Crypto Investment Surge: $1.44 Billion Inflows Led by Bitcoin, Ethereum, and Solana
Cryptocurrency investment products saw a significant influx of funds last week, with **$1.44 billion** pouring into the market. Bitcoin, Ethereum, and Solana were the top performers, attracting the most investment.
Bitcoin saw its fifth largest weekly inflow on record, with **$1.35 billion** flowing into investment products. This surge in interest coincided with a recent uptick in Bitcoin’s price, which broke above the **$60,000** mark earlier this week.
**Ethereum** also saw strong inflows, with **$72.1 million** invested in products focused on the second-largest cryptocurrency. **Solana** attracted **$4.4 million** in inflows.
Other notable altcoin inflows included:
* **Litecoin:** $1.2 million
* **XRP:** $1 million
* **Cardano:** $700,000
* **Multi-cryptocurrency products:** $17.2 million
**Year-to-date inflows to cryptocurrency investment products have reached a record $17.8 billion,** surpassing the $10.6 billion seen in 2021.
This surge in investment highlights the continued interest in the cryptocurrency market, particularly in Bitcoin, Ethereum, and Solana. It is important to note that investing in cryptocurrencies carries inherent risk and investors should conduct thorough research before making any investment decisions.
